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Equifax to Add More ‘Buy Now, Pay Later’ Plans to Credit Reports

December 20 2021

• in
• Credit

“A popular kind of “buy now, pay later” plan is coming to credit reports. Early next year, Equifax Inc. will begin recording installment plans that allow shoppers to make four biweekly payments instead of covering the full cost at checkout. The move is meant to give lenders a fuller picture of people’s financial commitments, including […]

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Consumer Borrowing Picks up in November but Credit Cards Remain Out-of-favor

January 10 2022

• in
• Credit

“U.S. consumer borrowing accelerated in November but consumers continued to avoid using their credit cards, according to Federal Reserve data released Friday. Total consumer credit increased $15.3 billion in November, 1.3% more than in October. That’s an annual growth rate of 4.4%, Economists had been expecting a $9 billion gain, according to the Wall Street […]

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Visa Warns Against Misuse Of ‘Cashless ATMs’ Used By Cannabis Retailers To Skirt Restrictions – Marijuana Moment

December 13 2021

• in
• Cannabis payments

“Visa, the world’s second-largest card payment company, recently issued a compliance memo to customers warning them that miscoding point-of-sale transactions through the use of so-called cashless ATMs—a practice used by some cannabis retailers as a workaround to accept credit or debit cards for purchases—could lead to penalties or other unspecified enforcement action. The warning comes […]

On The Wires

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Waystar Accelerates Patient Consumerism in Healthcare Payments

January 14 2022

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• Healthcare

“Waystar’s patient financial experience solutions, including the industry-leading PatientWallet®, drives patients’ digital adoption of the payment process with personalized omnichannel engagements. Waystar orchestrates patient payment journeys at scale by annually generating $4B in out-of-pocket estimates, processing $5B in patient payments and actively managing 30M+ patient digital wallet accounts with more than $1B in patient payment plans. Providers across all healthcare settings […]

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Carrefour Expands Branded Gift Card Partnership With Blackhawk Network Across Its Territories

January 11 2022

• in
• Gift cards

“Blackhawk Network , a global leader in branded payments, today announces its new collaboration with Carrefour Group to manage its branded third-party gift card programme across France, Belgium, Poland, Italy, Spain, Romania, Argentina and Brazil. Carrefour, a global leading grocery retailer, will be expanding its branded gift card distribution across the globe, embracing the expansion […]

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Thunes Partners With the World Economic Forum to Power Innovation in Payments Infrastructure

January 11 2022

• in
• Financial Inclusion

“Thunes , a Singapore-based fintech company and a global leader in cross-border payments, announced today a collaboration with the World Economic Forum (WEF) to address systemic inequality in accessing financial services by driving innovation across payments and market infrastructures. As a collaborator of the WEF’s Platform for Shaping the Future of Financial and Monetary Systems , […]

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Global

Nuvei Enables International Ecommerce Merchants to Accept Local Payment Methods in Latin America

January 5 2022

• in
• APMs
• Latin America

“Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI) the global payment technology partner of thriving brands, has announced today its capability enhancement which enables international merchants to accept local payment methods in 10 Latin American countries in addition to international card schemes and alternative payment methods (APMs). The Company’s newly introduced solution will support […]

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InComm Healthcare Partners With Connect America to Offer Personal Emergency Response Services, Remote Patient Monitoring, and Medication Management Benefits

January 4 2022

• in
• Healthcare

“InComm Payments , a leading payments technology company, today announced that it has partnered with Connect America , North America’s largest provider of personal emergency response services (PERS) and a recognized innovator in connective health solutions, to incorporate PERS, remote patient monitoring (RPM), and medication management into InComm Healthcare’s multi-wallet benefit card. The unique multi-wallet benefit card […]

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Plastiq and PayGround Partner to Help Patients Better Manage and Pay Healthcare Bills

December 9 2021

• in
• Healthcare

“Plastiq , the smart payments platform that enables businesses to better manage payments and cash flow, and PayGround , a patient payment app that allows payment to any medical provider, announced its strategic partnership to provide patients with an integrated solution to manage and pay all of their healthcare bills in one app. Plastiq Connect […]

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American Express Expands Partnership With Nova Credit to Help Extend Credit to More Newcomers to the U.S.

December 7 2021

• in
• Credit

“American Express (NYSE: AXP) announced today, in partnership with Nova Credit , that it has expanded credit access to people from Brazil, Dominican Republic, Kenya and Nigeria who have moved to the United States. The growth of this first-of-its-kind digital capability enables newcomers from nine countries to use their international credit history to quickly and […]